Answer on Economics of Enterprise Question for edralin

2012-11-07T11:53:45-0500

Question #18225

The owner of an independent coffee shop would be affected by fairly rapid inflation?

Expert's answer

2012-11-12T11:48:43-0500

The owner of an independent coffee shop would be affected by fairly rapid inflation because their costs would increase and he would be forced to increase prices. Price increase will decrease quantity of consumers